Newly-listed timber investment manager Australian Plantation Timber Ltd is set to exceed its prospectus earnings forecast for this financial year by more than 15 per cent after meeting its sales targets early.

APT's managing director, Mr Rinze Brandsma, said yesterday the company had sold the 5,000 hectares of bluegum woodlots it had budgeted for when it projected sales for the current year of $96.1 million and an operating profit before tax of $41 million.